A series of constant cash flows that occur at the end of each period for some fixed number of periods is ____________ .
A. an ordinary annuity
B. annuity due
C. multiple cash flows
D. perpetuity
A series of constant cash flows that occur at the end of each period for some fixed number of periods is ____________ .
A. an ordinary annuity
B. annuity due
C. multiple cash flows
D. perpetuity